# THE BANK OF ELLIJAY

> **Failed bank** · ELLIJAY, GA · failed 2010-09-17 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $80M

## What happened

THE BANK OF ELLIJAY of ELLIJAY, GA was closed by regulators on **2010-09-17**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **COMMUNITY & SOUTHERN BANK** (CARROLLTON, GA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3858
- **FDIC Certificate:** 58197
- **FDIC FIN:** 10287
- **Bank name:** THE BANK OF ELLIJAY
- **Location:** ELLIJAY, GA
- **Failure date:** 2010-09-17
- **FDIC resolution date:** 2010-09-17
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $80M
- **Deposits at failure:** $161M
- **Assets at failure:** $169M
- **Acquiring bank:** COMMUNITY & SOUTHERN BANK (CARROLLTON, GA)

## Other banks COMMUNITY & SOUTHERN BANK has acquired in FDIC resolutions

- EASTSIDE COMMERCIAL BANK (CONYERS, GA) — failed 2014-07-18 — /failed-bank/4070
- GEORGIA TRUST BANK (BUFORD, GA) — failed 2012-07-20 — /failed-bank/4020
- FIRST CHEROKEE STATE BANK (WOODSTOCK, GA) — failed 2012-07-20 — /failed-bank/4018
- FIRST COMMERCE COMMUNITY BANK (DOUGLASVILLE, GA) — failed 2010-09-17 — /failed-bank/3857
- THE PEOPLES BANK (WINDER, GA) — failed 2010-09-17 — /failed-bank/3853
- APPALACHIAN COMMUNITY BANK (ELLIJAY, GA) — failed 2010-03-19 — /failed-bank/3769
- FIRST NATIONAL BANK OF GEORGIA (CARROLLTON, GA) — failed 2010-01-29 — /failed-bank/3746

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20BANK%20OF%20ELLIJAY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE BANK OF ELLIJAY (FDIC ID 3858), failed 2010-09-17. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/3858.

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